$1,250,000
SOLD AUG 14, 2015

642 Ocean Park Blvd Santa Monica, CA 90405

Ocean Park Neighborhood
4 Beds
4 Baths
1,764 Sq Ft
4,796 Sq Ft Lot

Recently Sold

$709 Per Sq Ft

26% Below List Price

104 Days on Market

About This Home

As of August 2016

REDUCED AGAIN!!!! BEST PRICE IN SANTA MONICA. OWNER WANTS TO SELL. LISTED AT LOT VALUE. WONDERFUL OCEAN PARK AREA. GREAT LOT TO BUILD HOUSE OF YOUR DREAMS OR 2 UNITS. HAVE RENTAL INCOME WHILE PREPARING PLANS AND PERMITS. 4- 1BR 1 BATH UNITS. INCOME IS ONLY FOR 3 OF THE UNITS AND THE 4TH UNIT CAN BE RENTED AT CURRENT RENTAL VALUE . CLOSE TO 10, 405 AND 105 FREEWAYS. 6 BLOCKS TO THE BEACH. NEAR MAIN STREET, THE PROMENADE AND ABBOTT KINNEY (THE COOLEST STREET IN THE US ACCORDING TO LA MAGAZINE.) CENTER OF WESTSIDE ACTIVITY WITHIN WALKING AND BIKING. FIRST TIME ON MARKET IN 27 YEARS. WONDERFUL POTENTIAL. CALL AGENT FOR MORE DETAILS.

Last Agent to Sell the Property

Gwen Zeller

Lighthouse Prop. RE Serv. Inc. License #01188191 Listed on: 03/25/2015

Last Buyer's Agent

Gwen Zeller

Lighthouse Prop. RE Serv. Inc. License #01188191 Listed on: 03/25/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,873

Year Built

  • Built in 1950

Interior Spaces

  • 1,764 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • 4,796 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4287-015-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,873

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1764
  • Stories: 1
  • Year Built: 1950
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 736.39

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 140520
  • Assessed Land Value: 234207
  • Assessor Parcel Number: 4287-015-023
  • Geocode Override: No
  • Lot Size Area: 4796

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 49.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 10643
  • Type Of Units: 4 units
  • Vacancy Rate: 25%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2016
Closed on
Aug 24, 2016
Sold by
642 Ocean Park Llc
Bought by
642 Op Blvd Llc
Seller's Agent
Talwinder Rana
On It Realty
Buyer's Agent
Paul Pekar
Compass
List Price
$1,999,000
Sold Price
$1,515,000
Premium/Discount to List
-$484,000
-24.21%
Current Estimated Value
$2,129,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$614,761
Avg. Annual Appreciation
3.83%

Purchase Details

Listed on
Mar 25, 2015
Closed on
Jul 16, 2015
Sold by
Litos Ralli Kaarina
Bought by
642 Ocean Park Llc
Seller's Agent
Gwen Zeller
Lighthouse Prop. RE Serv. Inc.
Buyer's Agent
Gwen Zeller
Lighthouse Prop. RE Serv. Inc.
List Price
$1,700,000
Sold Price
$1,250,000
Premium/Discount to List
-$450,000
-26.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.31%
Original Mortgage
$812,000
Interest Rate
3.97%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 24, 2001
Sold by
Litos Raili Kaarina
Bought by
Litos Raili Kaarina and Raili Kaarina Litos Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,100
Interest Rate
6.99%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,515,000 Ticor Title
Grant Deed $1,250,000 Ticor Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,300,000 Commercial
Previous Owner $297,600 Unknown
Previous Owner $500,000 Unknown
Previous Owner $812,000 Stand Alone First
Previous Owner $812,000 Stand Alone First
Previous Owner $500,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Previous Owner $186,700 Stand Alone First
Previous Owner $200,100 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2016 08/26/16 Sold $1,515,000 -8.2% $859 / Sq Ft
08/08/2016 08/08/16 Price Changed $1,650,000 -4.6% $935 / Sq Ft
07/11/2016 07/11/16 Price Changed $1,730,000 -3.8% $981 / Sq Ft
06/07/2016 06/07/16 Price Changed $1,799,000 -5.3% $1,020 / Sq Ft
05/25/2016 05/25/16 Price Changed $1,899,000 -5.0% $1,077 / Sq Ft
05/08/2016 05/08/16 For Sale $1,999,000 +59.9% $1,133 / Sq Ft
08/14/2015 08/14/15 Sold $1,250,000 -26.5% $709 / Sq Ft
07/07/2015 07/07/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $1,700,000 -- $964 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,873 $1,758,281 $1,508,759 $249,522
2024 $20,873 $1,723,806 $1,479,176 $244,630
2023 $20,539 $1,690,007 $1,450,173 $239,834
2022 $20,281 $1,656,871 $1,421,739 $235,132
2021 $19,779 $1,624,384 $1,393,862 $230,522
2019 $19,446 $1,576,476 $1,352,520 $223,956
2018 $18,261 $1,545,570 $1,326,000 $219,570
2016 $14,927 $1,250,000 $875,000 $375,000
2015 $4,949 $382,213 $238,886 $143,327
2014 $4,912 $374,727 $234,207 $140,520
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Talwinder Rana

    On It Realty

    (310) 666-2522

    2 Total Sales

    Talwinder Rana
    Section Image
  • Paul Pekar

    Buyer's Agent in 2016

    Paul Pekar

    Compass

    (310) 779-3108

    6 Total Sales

    Paul Pekar
    Section Image

  • G

    Seller's Agent in 2015

    Gwen Zeller

    Lighthouse Prop. RE Serv. Inc.

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 15-890069

The MLS

APN: 4287-015-023

California Los Angeles County Santa Monica 90405 Ocean Park

642 Ocean Park Blvd, Santa Monica, CA

This home is located at 642 Ocean Park Blvd, Santa Monica, CA 90405 and is currently priced at $1,250,000, approximately $708 per square foot. This property was built in 1950. 642 Ocean Park Blvd is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes